Florida Investigating 5 For-Profit Colleges

Tallahassee, FL (AP) - Florida is investigating five private,for-profit colleges to determine if they engaged in unfairpractices and misled students about financial aid. Ryan Wiggins, a spokeswoman for Attorney General Bill McCollum,on Friday confirmed his office was conducting a civilinvestigation. Wiggins said the investigation was in its infancy. It began inresponse to consumer complaints and a federal report that accusedsome for-profit schools of encouraging fraud and engaging indeceptive marketing practices. The schools that McCollum's office is looking into are KaplanInc., University of Phoenix Inc., Argosy University of FloridaInc., Everest College and Medvance Institute Inc. Most of the schools said they were cooperating with theinvestigation.

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